ExxonMobil plans $190B investment in energy projects

ExxonMobil plans to spend approximately $190 billion during the next five years on energy projects, Chairman and CEO Rex Tillerson says. "I never would have dreamed I'd be spending at this level," he said. Exxon's output of oil and other liquids is expected to increase an average 4% annually through 2017 as major projects come online, Tillerson says.